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Office of the
Clerk-Treasurer COMMON COUNCIL
MEETING AGENDA
MONDAY, MARCH 2, 2015 - 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEETING CALLED TO ORDER
1. INVOCATION
2. PLEDGE OF ALLEGIANCE
3. RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS
4. APPROVAL OF MINUTES
a. February 16, 2015 Regular Meeting
5. RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL
6. COUNCIL, MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS
7. ACTION ON MAYORAL VETOES
8. CLAIMS
a. Payroll
b. General Claims
c. Retirement
9. COMMITTEE REPORTS
a. Finance, Administration and Rules Committee
b. Land Use, Annexation and Economic Development Committee
c. Parks, Recreation and Arts Committee
d. Utilities, Transportation and Public Safety Committee
e. Report from the Carmel Redevelopment Commission
ONE CIVIC SQUARE CARMEL,INDIANA 46032 317/571-2414
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10. OLD BUSINESS
a. Sixth Reading of Ordinance D-2190-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Carmel City Code Section 8-120 (Specific Locations
of Stop & Yield Intersections Designated) and its "Schedule A; Sponsor(s): Councilor(s)
Finkam, Carter and Rider. Returned to the Utilities, Transportation and Public Safety
Committee.
b. Sixth Reading of Ordinance D-2198-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Adding Chapter 2, Article 5, Section 2-188 (Historic
Preservation for the City of Carmel) (b)(9) to the Carmel City Code; Sponsor(s):
Councilor(s) Carter and Finkam. Remains in the Finance, Administration and Rules
Committee (3/3/15).
c. Sixth Reading of Ordinance D-2199-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Chapter 3, Article 1, Division II, Section 3-18 (Order
of Business) of the Carmel City Code; Sponsor(s): Councilor(s) Carter and Finkam.
Remains in the Finance, Administration and Rules Committee(3/3/15).
d. Second Reading of Ordinance D-2204-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Chapter 2,Article 3, Division II, Section 2-58 (Tuition
Reimbursement) of the Carmel City Code; Sponsor(s): Councilor(s) Finkam, Snyder and
Carter. Sent to the Finance, Administration and Rules Committee.
e. Second Reading of Ordinance D-2205-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Ordinance D-2185-14 (2015 City Employee Salaries);
Sponsor(s): Councilor(s)Finkam, Snyder and Carter. Sent to the Finance, Administration
and Rules Committee.
f. Second Reading of Ordinance D-2206-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Ordinance D-2175-14 (Edward Rose Development;
Adding the design and construction of a Private Pedestrian Parkway to the list of
Projects); Sponsor(s): Councilor(s)Rider and Snyder. Sent to the Finance,
Administration and Rules Committee.
g. Resolution CC-03-02-15-03 (Formerly CC-11-17-14-01); A Resolution of the Common
Council of the City of Carmel, Indiana, Regarding an Intergovernmental Transfer of Real
Property Interest(130 Is'Avenue SW); Sponsor(s): Councilor(s) Snyder and Rider.
h. Resolution CC-02-02-15-02; A Resolution of the Common Council of the City of
Carmel, Indiana, Disbursing Arts Fund Monies ($698,050); Sponsor(s): Councilor(s)
Carter, Finkam, Rider, Snyder, Schleif, Sharp and Seidensticker. Sent to the Finance,
Administration and Rules Committee (3/3/15).
i. Resolution CC-02-02-15-03; A Resolution of the Common Council of the City of
Carmel, Indiana, Supporting the Construction and Operation of a Hamilton County Public
Safety Training Facility($40,000); Sponsor(s): Councilor(s) Finkam, Carter,Rider,
Schleif and Snyder. Sent to the Finance, Administration and Rules Committee (3/3/15).
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j. Resolution CC-02-02-15-05 As Amended; A Resolution of the Common Council of the
City of Carmel, Indiana, Amending the Contract with the Carmel Firefighters Association
(Local 4444); Sponsor(s): Councilor(s) Carter and Finkam. Sent to the Finance,
Administration and Rules Committee.
11. PUBLIC HEARINGS
a. Fourth Reading of Ordinance Z-599-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Establishing the Midtown Carmel (Located between the Monon
Trail and Rangeline Road;)Planned Unit Development District; Sponsor(s): Councilor(s)
Seidensticker,Finkam, Rider and Snyder.
b. Second Reading of Ordinance Z-600-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Rezoning 0.33 Acres in the Old Town Carmel Arts &Design
District, Consisting of Two Recorded Lots; 321 W. Main Street(Lot 1), and 0 W. Main
Street(Lot 2), from R-2 Residential District Classification in the Old Town Overlay
District-Character Subarea to B-5 Business District Classification; Sponsor(s):
Councilor(s) Finkam, Rider, Seidensticker and Snyder. Remains in the Land Use,
Annexation and Economic Development Committee.
c. First Reading of Ordinance Z-601-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Removing the Sunset Provision of the Carmel Drive—Range line
Road Overlay Zone in the Cannel Zoning Ordinance; Sponsor: Councilor Rider.
12. NEW BUSINESS
a. First Reading of Ordinance D-2208-15; An Ordinance of the Common Council of the
City of Carmel, Indiana, Amending Chapter 8, Article 4, Section 8-39 of the Cannel City
Code (Speed Bumps); Sponsor: Councilor Sharp.
b. Resolution No. CC-03-02-15-01; A Resolution of the Common Council of the City of
Carmel, Indiana, Regarding the Purchase of Real Estate (Matilda Haverstick Family
Property); Sponsor: Councilor Rider.
c. Resolution No. CC-03-02-15-02; A Resolution of the Common Council of the City of
Cannel, Indiana, Granting a Waiver that a Private Street be Improved to City Standards
Before Being Acquired by the City (Walnut Creek Drive); Sponsor(s): Councilor(s)Rider
and Snyder.
13. OTHER BUSINESS
City Council Appointment:
Cannel Economic Development Commission(Term expires 1/31/15; two year term); One
Appointment.
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14. ANNOUNCEMENTS
15. EXECUTION OF DOCUMENT
16. ADJOURNMENT
03/02/15 CC Meeting Agenda
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COMMON COLNCIL
MEETING MINUTES
MONDAY, MARCH 2, 2015 - 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEMBERS PRESENT:
Mayor James Brainard, Council President Richard L. Sharp, Council Members Sue Finkam, Carol
Schleif, W. Eric Seidensticker, Luci Snyder, Kevin D. Rider, Clerk-Treasurer Diana L. Cordray and
Deputy Clerk Lois Craig.
Councilor Carter was not in attendance.
Mayor Brainard called the meeting to order at 6:00 p.m.
Pastor Steve Wallen, Genesis Church,pronounced the Invocation.
Mayor Brainard led the Pledge of Allegiance.
RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS:
There were none.
APPROVAL OF MINUTES:
Councilor Seidensticker made a motion to approve minutes from the February 16, 2015 Regular
Meeting. Councilor Schleif seconded. There was no Council discussion. Council President Sharp
called for the vote. Minutes were approved 6-0.
RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL:
There were none.
COUNCIL,MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS:
Councilor Snyder addressed the Council regarding the Hamilton County Humane Society.
Council President Sharp stated that the meeting scheduled for Monday, April 6, 2015 would be
cancelled. Cannel Clay Schools will be on Spring break the week of April 6th. A Special Meeting will
be scheduled for Claims approval.
ACTION ON MAYORAL VETOES:
There were none.
1
CLAIMS:
Councilor Seidensticker made a motion to approve payroll in the amount of$1,486,524.40, sick vacation
buyback/CPD uniform allowance in the amount of$378.918.13 and claims in the amount of
$3,025,745.23. Councilor Finkam seconded. There was no Council discussion. Council President
Sharp called for the vote. Payroll, Sick Vacation Buyback/CPD Uniform Allowance and Claims were
approved 6-0.
COMMITTEE REPORTS:
Councilor Snyder reported that the Finance, Administration and Rules Committee had not met. The
next meeting will be held on Tuesday,March 3, 2015 at 6:00 p.m.
Councilor Seidensticker reported that the Land Use, Annexation and Economic Development
Committee had met and discussed Resolution CC-11-17-14-01 and Ordinance Z-599-15. The
committee report will be given when the items appear on the agenda.
Councilor Rider reported that the Parks, Recreation and Arts Committee had not met.
Councilor Finkam reported that the Utilities, Transportation and Public Safety Committee had not met.
Dave Bowers, Council representative on the Carmel Redevelopment Commission, was available for
questions of the Council regarding the financial activities of the Carmel Redevelopment Commission.
Corrie Meyer, Executive Director, Carmel Redevelopment Commission,presented an overview of the
CRC 2015 budget. There was brief Council discussion.
OLD BUSINESS
Council President Sharp announced the Sixth Reading of Ordinance D-2190-14; An Ordinance of the
Common Council of the City of Carmel, Indiana, Amending Cannel City Code Section 8-120(Specific
Locations of Stop & Yield Intersections Designated) and its"Schedule A; Sponsor(s): Councilor(s)
Finkam, Carter and Rider. Remains in the Utilities, Transportation and Public Safety Committee. This
item was not discussed.
Council President Sharp announced the Sixth Reading of Ordinance D-2198-14; An Ordinance of the
Common Council of the City of Cannel, Indiana, Adding Chapter 2, Article 5, Section 2-188 (Historic
Preservation for the City of Carmel) (b)(9)to the Carmel City Code; Sponsor(s): Councilor(s) Carter
and Finkam. Remains in the Finance, Administration and Rules Committee(3/3/15). This item was not
discussed.
Council President Sharp announced the Sixth Reading of Ordinance D-2199-14; An Ordinance of the
Common Council of the City of Carmel, Indiana, Amending Chapter 3, Article 1, Division II, Section
3-18 (Order of Business) of the Cannel City Code; Sponsor(s): Councilor(s) Carter and Finkam.
Remains in the Finance, Administration and Rules Committee (3/3/15). This item was not discussed.
Council President Sharp announced the Second Reading of Ordinance D-2204-15; An Ordinance of
the Common Council of the City of Carmel, Indiana, Amending Chapter 2, Article 3,Division II,
Section 2-58 (Tuition Reimbursement) of the Carmel City Code; Sponsor(s): Councilor(s) Finkam,
2
Snyder and Carter. Remains in the Finance, Administration and Rules Committee. This item was not
discussed.
Council President Sharp announced the Second Reading of Ordinance D-2205-15; An Ordinance of
the Common Council of the City of Carmel, Indiana, Amending Ordinance D-2185-14 (2015 City
Employee Salaries); Sponsor(s): Councilor(s) Finkam, Snyder and Carter. Remains in the Finance,
Administration and Rules Committee. This item was not discussed.
Council President Sharp announced the Second Reading of Ordinance D-2206-15; An Ordinance of
the Common Council of the City of Carmel, Indiana, Amending Ordinance D-2175-14 (Edward Rose
Development;Adding the design and construction of a Private Pedestrian Parkway to the list of
Projects); Sponsor(s): Councilor(s)Rider and Snyder. Remains in the Finance, Administration and
Rules Committee. This item was not discussed.
Council President Sharp announced Resolution CC-03-02-15-03 (Formerly CC-11-17-14-01); A
Resolution of the Common Council of the City of Carmel, Indiana, Regarding an Intergovernmental
Transfer of Real Property Interest(1301 S`Avenue SW). Councilor Seidensticker presented the Land
Use, Annexation and Economic Development Committee report to the Council. This item was referred
back to the Council with a proposed amendment. Councilor Seidensticker presented the proposed
amendment(add the following verbiage;page 2, #4. The CRC will inform potential buyers that the
Fireman's Museum building located on the property is not to be altered in any way, and at the time of
closing will revert to City ownership) to the Council and made a motion to amend CC-03-02-15-03.
Councilor Schleif seconded. Councilor Finkam referred to City Attorney, Doug Haney, to address the
Council. Mayor Brainard addressed the Council. Council President Sharp called for the vote. The
motion to amend Resolution CC-03-02-15-03 was approved 6-0. Councilor Seidensticker made a
motion to approve Resolution CC-03-02-15-03 As Amended. Councilor Schleif seconded. There was
no Council discussion. Council President Sharp called for the vote.
Resolution CC-03-02-15-03 As Amended was adopted 6-0
Council President Sharp announced Resolution CC-02-02-15-02; A Resolution of the Common Council
of the City of Carmel, Indiana, Disbursing Arts Fund Monies ($698,050); Sponsor(s): Councilor(s)
Finance,
in Carter, Finkam, Rider, Snyder, Schleif, Sharp and Seidensticker. Remains i the ,
Administration and Rules Committee(3/3/15). This item was not discussed.
Council President Sharp announced Resolution CC-02-02-15-03; A Resolution of the Common Council
of the City of Carmel, Indiana, Supporting the Construction and Operation of a Hamilton County Public
Safety Training Facility($40,000); Sponsor(s): Councilor(s)Finkam, Carter,Rider, Schleif and Snyder.
Remains in the Finance, Administration and Rules Committee(3/3/15). This item was not discussed.
Council President Sharp announced Resolution CC-02-02-15-05 As Amended; A Resolution of the
Common Council of the City of Carmel, Indiana, Amending the Contract with the Carmel Firefighters
Association (Local 4444); Sponsor(s): Councilor(s) Carter and Finkam. Remains in the Finance,
Administration and Rules Committee. This item was not discussed.
PUBLIC HEARINGS
Council President Sharp announced the Fourth Reading of Ordinance Z-599-15; An Ordinance of the
Common Council of the City of Carmel, Indiana, Establishing the Midtown Carmel (Located between
the Monon Trail and Rangeline Road;)Planned Unit Development District. Councilor Seidensticker
3
presented the Land Use, Annexation and Economic Development Committee report to the Council. This
item was referred back to the Council with proposed amendments to Exhibits (scrivener's error made by
the petitioner/developer). Councilor Seidensticker made a motion to amend exhibits on pages 18, 19, 20
and 21. Councilor Rider seconded. There was no Council discussion. Council President Sharp called
for the vote. The motion was approved 6-0. The Public Hearing for this item remained open. Council
President Sharp opened the Public Hearing at 6:50 p.m. Seeing no one who wished to speak, Council
President Sharp closed the Public Hearing at 6:50:30 p.m. There was brief Council discussion.
Councilor Seidensticker made a motion to approve Ordinance Z-599-15. Councilor Rider seconded.
There was no Council Discussion. Council President Sharp called for the vote.
Ordinance Z-599-15 was adopted 6-0. There was brief Council discussion.
Council President Sharp announced the Second Reading of Ordinance Z-600-15; An Ordinance of the
Common Council of the City of Carmel, Indiana, Rezoning 0.33 Acres in the Old Town Cannel Arts &
Design District, Consisting of Two Recorded Lots; 321 W. Main Street(Lot 1), and 0 W. Main Street
(Lot 2), from R-2 Residential District Classification in the Old Town Overlay District-Character Subarea
to B-5 Business District Classification; Sponsor(s): Councilor(s)Finkam, Rider, Seidensticker and
Snyder. Remains in the Land Use, Annexation and Economic Development Committee. The Public
Hearing for this item remained open. Council President Sharp opened the Public Hearing at 6:57 p.m.
Seeing no one who wished to speak, Council President Sharp closed the Public Hearing at 6:57:30. The
Public Hearing for this item remains open.
Council President Sharp announced the First Reading of Ordinance Z-601-15; An Ordinance of the
Common Council of the City of Carmel, Indiana, Removing the Sunset Provision of the Cannel Drive—
Range line Road Overlay Zone in the Cannel Zoning Ordinance. Councilor Seidensticker made a
motion to move this item into business. Councilor Rider seconded and presented this item to the
Council. Councilor Seidensticker referred to Adrienne Keeling, Department of Community Services, to
address the Council. There was brief Council discussion. Councilor Snyder made a motion to suspend
the rules and not send this item to committee and vote this evening. Councilor Rider seconded. There
was no Council discussion. Council President Sharp called for the vote. The motion was approved 6-0.
Council President Sharp opened the Public Hearing at 7:13 p.m. Seeing no one who wished to speak,
Council President Sharp closed the Public Hearing at 7:13:30 p.m. Councilor Rider made a motion to
approve Ordinance Z-601-15. Councilor Schleif seconded. There was no Council discussion. Council
President Sharp called for the vote. Ordinance Z-601-15 was adopted 6-0.
NEW BUSINESS
Council President Sharp announced the First Reading of Ordinance D-2208-15; An Ordinance of the
Common Council of the City of Cannel, Indiana, Amending Chapter 8, Article 4, Section 8-39 of the
Cannel City Code (Speed Bumps). Councilor Seidensticker made a motion to move this item into
business. Councilor Rider seconded. Council President Sharp passed the gavel to Councilor Rider to
present this item to the Council. There was brief Council discussion. Councilor Seidensticker made a
motion to suspend the rules and not send this item to committee and vote this evening. Councilor
Snyder seconded. There was no Council discussion. Councilor Rider called for the vote. The motion
was approved 6-0. Councilor Seidensticker made a motion to approve Ordinance D-2208-15. Councilor
Sharp seconded. There was no Council discussion. Councilor Rider called for the vote.
Ordinance D-2208-15 was adopted 6-0.
Council President Sharp reclaimed the gavel from Councilor Rider.
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II
Council President Sharp announced Resolution CC-03-02-15-01; A Resolution of the Common Council
of the City of Carmel, Indiana, Regarding the Purchase of Real Estate (Matilda Haverstick Family
Property). Councilor Rider made a motion to move this item into business. Councilor Schleif
seconded. Councilor Rider referred to Carmel Clay Parks Director,Mark Westermeier, to present this
item to the Council. There was brief Council discussion. Councilor Rider made a motion to approve
Resolution CC-03-02-15-01. Councilor Schleif seconded. There was no Council discussion. Council
President Sharp called for the vote. Resolution CC-03-02-15-01 was adopted 6-0.
Council President Sharp announced Resolution CC-03-02-15-02; A Resolution of the Common Council
of the City of Cannel, Indiana, Granting a Waiver that a Private Street be Improved to City Standards
Before Being Acquired by the City (Walnut Creek Drive). Councilor Rider made a motion to move this
item into business. Councilor Snyder seconded. Councilor Rider presented this item to the Council and
made a motion to approve Resolution CC-03-02-15-02. Councilor Schleif seconded. There was no
Council discussion. Council President Sharp called for the vote.
Resolution CC-03-02-15-02 was adopted 6-0.
OTHER BUSINESS
City Council Appointment:
Carmel Economic Development Commission(Term expires 1/31/15; two year term); One
Appointment. Council President passed the gavel to Councilor Rider to nominate Jim
Longstreth. Councilor Snyder seconded. There were no other nominations. Councilor
Seidensticker made a motion to close nominations. Councilor Sharp seconded. Councilor
Rider called for the vote. Jim Longstreth was appointed to the Carmel Economic
Development Commission 6-0.
Council President Sharp reclaimed the gavel from Councilor Rider.
ANNOUNCEMENTS
There were none.
EXECUTION OF DOCUMENT
ADJOURNMENT
Mayor Brainard adjourned the meeting at 7:15 p.m.
Respectfully submitted,
i P
L'
Clerk- reasurer Diana L. Cordray, IAM
5
Approved,
pr-t
.1. nes Brainard, Mayor
ATTEST:
Diana L. Cordray, TAMC, Clerk-Treasurer
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CARMEL REDEVELOPMENT COMMISSION
CITY COUNCIL MARCH, 2015 REPORT
REPORTING ON JANUARY 2015 FINANCES
FEBRUARY 2015 ACTIVITIES
Carmel Redevelopment Commission
STRATEGIC HIGHLIGHTS
• A 2014 Annual Report was created to serve as a resource in the future.
• Final City Center Phase 2 approvals were issued.
FINANCIAL HIGHLIGHTS
The following highlights represent unrestricted funds available to the CRC to work its mission. Total
savings at month-end were$3,830,374. Savings are considered restricted and are in addition to the ending
balance noted below.
January Beginning Balance $ 5,030,468
January Revenues $ 74,114
January Expenditures $ 206,351
January Ending Balance $ 4,898,231
FUNCTIONAL HIGHLIGHTS
• CRC staff,the CRC Treasurer,and Clerk Treasurer(CT)staff met in February. Attendees were
Diana Cordray,Corrie Meyer,and Mike Lee. Discussion focused on the upcoming CRC meeting
agenda and Energy Center documents.
• Original records transferred to and/or documents shared with CT office for record-keeping:
DATE DOCUMENT METHOD
2/10/15 Reflecting Pool Construction Contract(Smock Fansler) Hand Delivery
2/10/15 Midwest Change Order 3(Mezz) Hand Delivery
2/10/15 Midwest Change Order 1(Nash Streetscape) Hand Delivery
2/10/15 Midwest Change Order 2(Nash Streetscape) Hand Delivery
LOOKING AHEAD
• The CRC will select and prioritize Capital Improvement Projects for 2015 and beyond.
• The CRC Technical Review Committee will facilitate the issuance of a design-bid contract for the
Park East garage.
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 11
FINANCIAL STATEMENT
Financial Statement
JANUARY MONTH-END FINANCIAL BALANCE
Ending Balance without Restricted Funds $4,898,231
Ending Balance with Restricted Funds $8,728,605
SUMMARY OF CASH
For the Month Ending January 31,2015
MONTHLY
DESCRIPTION ACTUAL PROJECTION VARIANCE
Cash Balance 1/1/15
1101 Cash $4,991,302 $4,991,302 $-
1110 TIF $39,167 $39,167 -
Total Cash $5,030,468 $5,030,468 $-
Receipts
1101 Cash $64,202 $47,845 $16,357
1110 TIF $9,912 $0 $9,912
Developer Payments $0 $0 -
Transfer to SRF $0 $0 -
Total Receipts $74,114 $47,845 $26,269
Disbursements
1101 Cash $206,351 $158,802 $(47,549)
1110 TIF $0 $0 -
Total Disbursements $206,351 $158,802 $(47,549)
1101 Cash $4,849,153 $4,880,344 $(31,192)
1110 TIF $49,078 $39,167 9,912
Cash Balance 1/31/15 $4,898,231 $4,919,511 $(21,280)
Total Usable Funds $4,898,231 $4,919,511 $(21,280)
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 12
FINANCIAL STATEMENT
FUND BALANCES AND OUTSTANDING RECEIVABLES
As of January 31,2015
Restricted Funds
Energy Center Reserve $501,801
Civic Rent Reserve 801,935
Supplemental Reserve Fund 2,526,638
Sub-total: 3.830.374
Unrestricted Funds
TIF 49,078
Non TIF 4,849,153
Sub-total: 4.898231
Total Funds $8.728,605
Outstanding Receivables
Energy Consumption Payments(1) 10,462
2014 Keystone Bond Enhancement Fee 190,092
Total Outstanding Receivables $200.554
(1)Amounts due reflect January 2015 for Office Building One
and the Tarkington. REI Real Estate Services,LLC acts as
property manager on behalf of the CRC and collects the Energy
Consumption Payments to be forwarded.
STATEMENT OF CHANGES IN EQUITY
MONTH END:JANUARY 2015
DESCRIPTION REVENUE EXPENSES
Total Receipts(TIF) $9,912
Total Receipts(Non-TIF): $64,202
Expenditures(TIF) $0
Expenditures(Non TIF) $206,351
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 13
FINANCIAL UPDATE
Financial Update
TIF REVENUE AND DEBT
As of the approved 2015 budget,projected TIF Revenue is estimated at$18,029,910.
Bond debt payments will be made in June and December. Below are the projected payments;
MONTH TIF TOTAL COIT TOTAL
June 2015 $9,056,949 $479,711
December 2015 $9,054,864 $479,532
GOING CONCERN
The CRC is managing expenditures to maintain a balanced budget. With construction projects underway,
we are coordinating closely with contractors to minimize unforeseen change orders.
TAKEAWAYS
• Month-end balance is positive.
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 14
I
Project Updates
CITY CENTER
Developer Partner: Pedcor Companies
Allocation Area:City Center
Project Summary:
Use:Mixed-Use
CARMEL CITY CENTER PROPOSED SITE PLAN 12-8-14 ','"
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Figure 1 City Center Master Plan,provided by Pedcor City Center Development Company
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page IS
A
PROJECT UPDATES
Phase 1-complete
1) Apartments-Apartment demand remains strong,which supports the occupancy and rental rates.
Current occupancy is at 96%.
2) Retail-Currently,Pedcor leases 95%of the total 79,570 in LSF. The remaining 5%(the old Mangia
and Holy Cow)of unleased space have future tenants for them,and are working through the space
planning process. A new Irish pub will be locating in the space next to Matt the Millers on the
Rangeline side. Pedcor anticipates to be 100%leased in 2015.
Nash Building/Parcel 73
1) Project Status-under construction
a) Balcony,masonry,&EFIS work continues on the exterior(about 95% t
complete). Tenant construction is scheduled to begin prior to Spring. '�
i
Approximately half of the 9,000 sf of the retail space has been leased
with strong prospects for the remaining commercial space. Tenant: ; 'f'-
Mondana Kitchen
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Provided by Pedcor City Center
None Dev.Co.1
3) CRC Commitments
Provide streetscape along Rangeline Road.
a) Budget
Budget
Construction $237,179
b) Design Consultant:American Structurepoint
c) CRC Commitment Schedule
Design%Complete 100%
Construction Start Date October 2014
Anticipated Project Completion March 2015 (landscape to be
completed in early Spring 2015)
Phase 2
1) Project Status-designs are schematic and construction has not started.
a) Engineering will begin on the buildings proposed to begin construction in 2015.
b) Schematic drawings for Park East,Baldwin/Chambers,Veteran's Way extension,and the site
were approved by the CRC Architectural Review Committee.
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 16
PROJECT UPDATES
c) The CRC Architectural Review Committee will begin schematic drawing review for the Holland
and Playfair buildings in March.
d) Park East will be a Design-Build project.
2) Proposed Construction/Use Sequence
PROJECT USE PROJECT DESIGN RENDERINGS
DATES PROVIDED BY PEDCOR
Garage A four-story parking structure with no less Design
Park East than 620 parking spaces,which will include Q1 2015
up to approximately 28,000 square feet of Construction f
commercial retail/office space. Q2 2016
Completion
Q4 2017
Baldwin/ A four story building,of approximately Start:Spring �
Chambers 64,000 square feet,which will include 2015 �
luxury apartments and commercial ` ; J I I I ,C
retail/office space. Pedcor is currently Completion f
working with four commercial businesses 4 2017 1 .
who will occupy approximately 14,000 sf of Q '�''�
the commercial space.
Holland A five story building,of approximately Start:Fall 2015
63,000 square feet,which will include
luxury apartments and commercial •' -
Completion •��"
retail/office space. it �„ „�„ rc Its
Q4 2017 1i' iAir
Playfair A five story building,of approximately Start:Fall 2015
63,000 square feet,which will include Completion
luxury apartments and commercial Q4 2017
retail/office space.
Garage See Garage East note above. Start:Fall 2015
Retail Completion
Q4 2017
Pedcor A two story building,of approximately Start:Fall 2015
Office 5 20,000 square feet,which will include office
space. r ` '
Completion ! � _ _
Q4 2017
x .
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 17
Kent A three story building,of approximately Start:Fall 2015 IIIPP '
111,000 square feet of luxury apartments.
Completion �7
Q4 2017 + •Vr_I lti
•
Wren A seven story building,of approximately Start:Fall 2016
88,000 square feet,which will include
luxury apartments and commercial Completion _ -
office/retail space. Q4 2018
Ye
e' fl �'•�f
Windsor A four story building,of approximately Start:Fall 2017
64,000 square feet,which will include Completion
luxury apartments and commercial Q4 2019
office/retail space.
Eastern A building,of approximately 76,000 to Start:Fall 2017
Motor 91,000 square feet,which will include
Court Site luxury apartments and commercial Completion
office/retail space designed so that in the Q4 2019
future it could be in whole,or in part,
converted to hotel rooms and/or hotel
amenities.
Hotel A four story hotel,of approximately 44,000 Start:TBD
square feet,which will include parking.
3) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
None at this time.
4) CRC Commitments
An overview of commitments have been uploaded to the CRC website.
a) The CRC commits to publicly bid a four-story parking garage with not less than 620 parking
spaces.
b) The CRC commits to coordinate any significant site plan changes requested by Pedcor with
City Council.
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 1 8
PROJECT UPDATES
THE MEZZ/ MONON LOFTS
1) Developer Partner:Anderson Birkla
2) Allocation Area:City Center
3) Project Summary:
Use:Primary Residential. 42 residential units with 8,500 square feet of office.
Total project budget:$7.7mm
Secured Tenants:A fitness company,Anderson Birkla
< .:�
1, 1 -1l1 ) ) 1 ) i ! ) ) ) j > ') ) 11 `i -111 ) 1 ) .3 ') li
N- A ' w , 'mom
Pr 10 l
�!4 OFFICE PARKWO GARAGE
ti
/I Atv.'
'S
� I
i '
, OFFICE
- .I, r '
4 f ■
. T �.. r
,..� R\ � �`ON 111141,1 .. WNtn
3ROAVFNUE _ �-" __.. ....� M. ..
• .
•
Figure 2 Image provided by Anderson Birkla
4) Anticipated Project Schedule
Office Move In March,2015
Residential Move In March,2015
Project complete March 31,2015
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 19
PROJECT UPDATES
5) Construction Milestones -_-____—__ - ii
\=
a. Manpower count has remained 20-40 men daily. _
b. Street sweeping is occurring weekly on Fridays or as needed. i
c. Duke Energy has finished engineering permanent power to both t , r
buildings. r*s; E
d. BUILDING 1:Exterior masonry work is in progress on the north, :. p __ ,
east,and west elevations.Metal framing is complete on the first floor
and the wall rough-in work is to be completed early next week. ,/
Drywall installation is scheduled to begin late Feb. y
e. BUILDING 2:Exterior masonry work is in progress on the east { _,.,,s. i
elevation.Drywall finishing is nearly complete on Floors 2-5 and 4 _yam 1
painting is in progress.Drywall is currently being installed on the
1st Floor.Overhead MEP rough-in work is also underway on the 1st
Floor. a _
6) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
None at this time —
rM; i .
7) CRC Commitments f r �1 _ I
Provide parking spaces on 3rd Ave and streetscape on the west and II,south side of the building and relocate street utilities.Site
Improvements,Monon Connection path,Small pocket park(by } —
developer)
a. Budget
■
Invoices are expected to be r T r, p III i
$67,021 paid March/April 2015. `
Site Construction (3rd Ave) Calumet Civil Contractors. P.. !
..
Utility Invoices are expected to be
Relocation $250,000 paid in March/April 2015. f
Invoices are expected to be
$242,979 paid March/April 2015.
Site Construction (site work) Midwest Constructors.
b. Design Consultant:American Structurepoint
c. Construction Contractors:Calumet Civil Contractors/Duke Energy/ •
Midwest Constructors
1,,, ir
M.`
I
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 110
PROJECT UPDATES
d. CRC Commitment Schedule
Design%Complete 100%
Construction Start Date September 2014
Anticipated Project Completion March/April 2015
REFLECTING POOL
1) Contractor:Smock Fansler
2) Project Summary:Replace concrete coping with granite stone and install underdrain
3) Construction Contract:$463,500
4) Anticipated Project Schedule
Construction Start March,2015
Project complete June,2015
5) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
None at this time.
Respectfully submitted,
Corrie Meyer,AICP,RLA,LEED AP
Director
Carmel Redevelopment Commission/Department
February 20,2015
Prepared for David Bowers and Bob Dalzell
-End Report-
February 20,2015 CRC Report for March 2,2015 City Council Meeting Page 111